• Subject to the receipt of competitive applications, funding of between $20,000 to $60,000 will be provided to the awardees. The preferred project duration will be up to one year.

• Between 5-10 awardees will be selected in each application round.

• A return-on-investment mechanism is built into CDIP Fund agreements with the aim being to grow the Fund, making more funds available in the future. 50% of the first future commercialization income will be paid to the CDIP Fund, with a cap of 200% of the grant amount.

Eligibility

All applications must satisfy the following criteria:

(a) The underlying intellectual property is majority owned by the University of Sydney.

The underlying intellectual property is fully owned by the university, or if shared, the university has commercialising lead with more than 50% ownership of the intellectual property. If the university has less than 50% ownership, the other owner(s) will need to provide matching funding.